Multiple Choice
The Uptown Development project is expected to provide a cash flow of $18,600 next year with annual increases of 3.5 percent for 15 years.After that,the project will be worthless.What is the present value of this project at a discount rate of 17 percent,compounded annually?
A) $251,987.56
B) $115,875.14
C) $103,206.07
D) $121,008.67
E) $247,266.41
Correct Answer:
Verified
Correct Answer:
Verified
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